Mingyuan Medicare Development Company Limited

Formerly known as	Until
Shanghai Ming Yuan Holdings Limited	15-Jun-05
Sing Tao Holdings Limited	4-Sep-02
Sing Tao Limited	3-Oct-89

Concentration warning
Company announcement, 8-Aug-03

STuffed!
In Jan-02, we criticised South China Holdings for its unlisted dividends in specie, and warned that the logical extreme was to distribute the bulk of the assets as an unlisted company. The rules remain unchanged, and Sing Tao Holdings has now done exactly that, distributing the bulk of its assets in an unlisted company for which parent Global China made a take-it-or-leave it offer. Some choice. (25-Sep-02)

Criticism of Ms Sally Aw Sian
SEHK, 10-Nov-99

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